Exchange rate risk sharing deposit
Offers you a term deposit product with the condition of providing additional “exchange rate risk sharing interest rate“ in order to protect you from possible US dollar exchange rate risks.
Benefits
  • Allows you to make withdrawals from a deposit account every quarter for a calendar week
  • Receive interest payments every quarter
  • If the official US dollar rate announced by the Bank of Mongolia increases, the interest rate on your deposit will increase accordingly
Terms and conditions
TERMS AND CONDITIONS
Tenor MNT
Term 12 months
Annual interest rate The bank’s 12 months regular term deposit interest rate
Total annual interest rate Annual interest rate + Exchange rate risk sharing interest rate*
Minimum deposit 500,000,000 MNT
Interest rate upon early termination of contract 2.4%-4.8%
Interest capitalization Quarterly
Withdrawals Quarterly
Conditions for earning income Possible
TERMS OF EXCHANGE RATE RISK SHARING INTEREST RATE 
 

USD exchange rate of the Bank of Mongolia** /MNT/ Exchange rate risk sharing interest rate* /annual/
1

3,000 ≤ ** < 3,100

0.5%

2

3,100 ≤ ** < 3,200

1.0%

3

3,200 ≤ ** < 3,300

1.5%

4

3,300 ≤ ** < 3,400

2.0%

5

3,400 ≤ ** < 3,500

2.5%

6

3,500≤ **

3.0%

Note : *The interest rate on this deposit will change in accordance with the policy rate of the Bank of Mongolia and the rise and fall of the exchange rate.
Eligibility or required documents
  • Customer application form /download here/;
  • Documents required:
    • For Mongolian citizens: Citizens ID card;
    • For Foreign citizens: Passport and certificate of alien registration.